Generation

ISO-NE studying market impacts of up to 12 GW of offshore wind power

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S&P Global Platts

Author Jared Anderson

New York — ISO New England is conducting three economic studies to evaluate the impact of up to 12 GW of offshore wind power on prices, the wholesale market and the transmission system as the US East Coast prepares for an influx of offshore wind power development.

Maryland Governor Larry Hogan said Wednesday a clean energy jobs bill that establishes a 50% by 2030 renewable portfolio standard will become law and he announced plans for Maryland to be powered by …

Generation

ISO-NE analysis shows potential operable reserve shortfalls in the 2020s

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S&P Global Platts

Jared Anderson

New York — An ISO-New England power generation capacity analysis shows there could be a negative margin in projected operable capacity in the 2020s, under certain assumptions, that would require operators to take capacity deficiency actions under Operating Procedure 4.

“OP#4 events are of particular importance to generators because in addition to being associated with high energy prices they trigger Pay-for-Performance events, where generators are penalized or rewarded for under- or over-performance, …